TCS Rockets In Preparation For Liftoff To 4000+TCS is forming an ending diagonal in sub-wave 5 of wave((5)).
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation : wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through t railing stops.
Acceleration of wave (5) can give the move up to 4080 .
TCS
TCS Pre-emptive Cup and Handle Target 4600• Historically, 7 out of 10 years TCS has closed positively in the months April to Aug, Avg Monthly returns in these months are >3%
• Highest gains in term of % (~24% in April’18 | ~12% in May’17 | ~14% June’14 | ~20% Jul’13 | ~20% Aug’21) has also come in the same time frame
• Recent announcement of buy back at 4500/shares can support the momentum
• Currently the stock is in formation of Cup and Handle patter on weekly chart, which expected to complete the pattern by March’22, after consolidation of ~7 months
• Upward momentum is expected to pick up post Q4FY21 and stock is expected to rally till 4600+ levels in Q1FY22 to Q2FY22
One can pre-empt the handle formation of the pattern and enter in to long trade at CMP or on dips till 3625, for the target of 4600+ in next six months.
If stock closes below 3600 on weekly basis, the view will get negated.
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Disclaimer :
-Please conduct your thorough research/analysis before doing the trade
-Idea shared is only for educational purpose
-Please trade on your own risk
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YR 2022 Idea #7: Long on TCS This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
TCS GOING TO HIT AGAIN 4000 SOONOn the daily chart, the Share holds a major support level at 3750 with good volumes. If he holds it and momentum continues as per the chart then it going to test again at 4000 levels in the near future. Also, Rounding Curve is showing if he breaks level 3930 and holds it.
Short term target is 4000 from the current level
Long term target is 4200 in 6 months
NIFTY IT PRICE ACTION ANALYSISNIFTY IT index is currently at a potential reversal point suggested by the XABCD bullish crab pattern and low RSI value on the daily timeframe.
The bounce may be up to 0.382-0.618 fib zone extension of CD.
This doesn't mean IT would reverse its trend from here. Before the budget, it might test important resistance 36750. This might be just a correction for the falling impulse.
So, beware and wait for confirmation before investing.
TCS: Range bound movement till Mar 2022 ?TCS
The stock looks likely to be range bound
Broader range 3400-4000
Plan your trade accordingly...!!!
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
NIFTY50 Future Intraday support and resistances 24/01/2022NIFTY50 may open gap up because of good Q3 results of ICICIBANK, if nifty sustains at the upper levels we can see levels of 17800/17950 in NIFTY Future.
If on the lower hand levels of 17500 breaks in Nifty Future we can see levels of 17450/17320 in Nifty Future
TCS LongI hope you can now see how TCS represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
TCS looks Bullish as it gave breakout of all time highIt not just gave breakout but also sustaining over it which is a bullish sign.
TCS share price was Rs 3,985.00 as on 17 Jan, 2022, 10:07 AM IST. TCS share price was up by 0.42% based on previous share price of Rs. 3897.9. In last 1 Month, TCS share price moved up by 11.01%.
Top 4 Peers for TCS are Infosys Ltd., HCL Technologies Ltd., Wipro Ltd. and Tech Mahindra Ltd.
Key Metrics for TCS are:
PE Ratio of TCS is 39.10
Earning per share of TCS is 98.89
Price/Sales ratio of TCS is 7.16
Price to Book ratio of TCS is 16.85
TCS - Trading at Previous high, potential targetPrice trading near the previous high, as discussed CNXIT is about to break the previous high these IT stocks should be the potential targets for the traders.
One can wait for the breakout from the previous high or get it on when there is a retest of the breakout level !!!